this post was submitted on 01 Aug 2023
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Personally I find this hilarious. The argument that Meta (Facebook) and Google are making "so much money" from Canadian News is in itself laughable. If anything they're helping keep Canadian News relevant by suggesting it to people. No-one forced CBC to go make an instagram account etc.
So I think the law is working great. They demanded if you're going to link to a website you have to pay them a share of the revenue you generate. So these companies have elected that it's not worth the cost and will not link to them. Seemingly the media is going full shocked pikachu over this.
IMO the Federal Goverment went too soft. They should have made a broader law under the form of a tax, where all social medias companies are required to pay a tax to operate in Canada and properly fund journalism, no matter if they display Canadian news or not.
Don't wanna pay? Then no operation in Canada at all.
Why does social media have to fund journalism... they pay taxes here.
Not enough if you ask me.
Their incentives is to drive clicks and ad views, while cannibalizing the content producers from their traffic.
I don't think you've done the critical legwork to evaluate this argument. This looks like a surface level assesment. It's been assessed in more depth in previous threads on the topic.